Home Improvement Market Growth Revised Downward

The home improvement market’s growth forecast for 2025 has been lowered to 3.4%, down from an earlier projection of 5%, due to rising material costs, new tariffs and labor shortages. Economic pressures, including high tariffs on imported materials and a sluggish housing market affected by high mortgage rates, are contributing to slower activity. While existing home sales are expected to gradually recover, new housing starts may remain stagnant or decline slightly. Read More

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5 Home Renovation Projects That Are Most Tariff-Proof

These five remodeling projects are less affected by the rising costs of imported materials due to recent tariffs. They include updating kitchens and bathrooms, enhancing energy efficiency and improving curb appeal, as they often rely on domestically sourced materials or labor-intensive work. Allowing homeowners to focus on these areas to mitigate the impact of increased material costs and ensure their renovations remain within budget. Read More  

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April Private Residential Construction Spending Dips

Private residential construction spending declined for the third month in a row in April, driven by drops in single-family construction and home improvement projects. Compared to a year earlier, total residential spending was down 4.8%, with single-family spending falling 1.1% in April—ending a seven-month growth streak—and multifamily spending down 11.3% year-over-year. Elevated mortgage rates, material tariff concerns, and broader economic uncertainty continue to weigh heavily on the housing sector. Read More  

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Remodeling Trends Reflect Shifts in Homeowner Priorities

The residential remodeling industry is rapidly growing as homeowners seek more functional, sustainable and tech-integrated living spaces, with the market projected to hit $129.07 trillion by 2030. This shift goes beyond aesthetics, reflecting new lifestyles like remote work and eco-conscious living, leading to demand for innovations like energy-efficient materials and adaptable home designs. According to Danny’s Dry Wall, “Aging homes and rising property values driven by investors accounting for 14.8% of home purchases in early 2024 are sustaining demand. As budgets recover post-2024, homeowners are investing in remodels that enhance…

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Remodeling Impact

In 2024, U.S. homeowners spent an estimated $603 billion on remodeling projects, driven by factors such as aging homes, high mortgage rates, and a desire to enhance comfort. The National Association of REALTORS® (NAR) reports that projects like adding a primary bedroom suite, upgrading the kitchen, and installing new roofing received perfect “Joy Scores” of 10, indicating high homeowner satisfaction. According to the National Association of Realtors, “Housing affordability and the rise in mortgage rates have been pondered to be a motivating factor to remodel one’s home.” Read More  …

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Homeowners spend on renovations despite the uncertain economy

Despite broader economic uncertainty, U.S. homeowners are continuing to invest in home renovations. Sales at building materials and garden supply retailers rose 0.8% in April from March, marking the largest gain since 2022. However, the cost of home repairs and remodeling climbed nearly 4% in the first quarter from a year earlier, primarily due to rising labor costs. According to the Trumbull Times, “Home Depot said Tuesday that it doesn’t expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its…

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Aging-in-Place Remodeling Work Fell

In the first quarter of 2025, only 56% of professional remodelers reported undertaking projects designed to allow homeowners to age in place (AIP), which marked the lowest percentage since the National Association of Home Builders (NAHB) began tracking this data in 2004. This decline is due to economic uncertainties, high interest rates, and stock market volatility, which have dampened consumer spending and investment in home modifications. However, awareness of AIP concepts remains high, 98% of remodelers noting that most or some of their clients are familiar with AIP. According to…

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